The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-11-03

4ouhb heu Oh tuO ART ....
Boston Herald.
! have received your uote eskingme 10
write come practical hints for young men
on the requirements Of wealth, which may
be published.
A difficult !ssk in set me, as tho circum.
stances under which young men CON.
meucs lilo are 80 widely varied. But
think that moro yaurs men isil in tho in.
ves.ment Of what they earn or receive
than in Any other way to acquire prop.
erty. The temptations 10 speculation GRE
SO great, and the desire to become aud.
denly rich 50 strong, that I believe oieh,
Of ten, II not more, CT young men arc
wrecked =! tho very beginning.
II @ young man ia earning eomething
mora than ths expenses OF bis living, gud
has no object in view, he IL likely to in.
cregse thoee expenses cs.sleaoly, OF to loan
his money to his tfieuds, and in 80 doing,
In tho nsjority OF ca,as, he will lose both
friends and Inonay, 90 thst tho bas. thing
he can DO is to have su objscs, to gather
up his money and have 8 call for 1t which
shall bs profitable ono. he makes 10
Investment bscsnso he says: ~ hsve rot
so little moSoy that it won't come 10 sby.
thing; will wait Until ! got mose;" and
i: waiting, generally, what LIE has goea.
When ayounN men has very li;..o
morey let BIN buy BONG property, prefer.
ably II piece, however sg.all, according to
his neaie, o! impfaTed real estate ths. il
nSyiny rent. He had better bug It when
sold at suction, u2der q judicial naIe, pay.
ng In cash what be can, giving his notes
fo- the balsncn III email Rama canning hue
Ut frequent recurring intervals, ssclrul h7
\ mortgage on the property, and then uss
ali his Stta income in paying up these
notes, It lie always ssfe TO discount your
own note, aud il the notes COME Il little too
iast, aa soon M he gets anything paid his
lriends will aid him when hs Ia putting
his money where 1t cannot ba Loaf, and
where the ptopsrly ia taking Gaze oil thp
'ntersst, aud in . very short time DO will
find that he hes set very considerable n.
vss.meut. lie will become Interested in
it, cave hin money to rage. his 1otes, and
he will directly come into q considerable
posacesioa OF pTaporty, Sad hardly know
how i. caIe to hun. That lie, he will have
motive for Bayiur, ard will ge. tho resul.
Of that saviDg, .ua vii! no, DO tempted 10
enter into cpscula!io1n. Nothing ia &C
safe io- IN investment CO improved resI
estate, Nothing Ia likely to gov In ya!ut
fsster. In tho iast City years 10 per cent
Of u! the meschanta and traders In Boston
nave failed. In the last fifty yours % %,
cen; o! all the businoss corporations hayt
Jailed or gone out oil business, go thet thai,
stock has been wiped out. In tho last
i!ty years ell the improved rsal ostGls, CT
the cvers.a. Eag Pad its intorost and taxes
and QuadIup!ed the value. Ii yauDg
| nan's fatncr can give him anything L
start him in the world, he had better it,
vest it In that way and lot i: accumulate
and earn his living, and be will be .icht,
than il he had gone into buaineeH Jay
Gould % us;d t. have t!artsd from mouye
trap sellGr TO become O millionaire. As
suming That to he true, he is only ono Of
60.WO. GOO Of people, aud If any young mar
.hiuku he Is going TO initiate Jay Gould
there ara 10000, 900 Of chelCes to ono thcI
he went trseatd.
This rule would lay down for young
man ia never to do y mean thing 70,
money. NJ prudent and saving OF your
money. Be- careful 10 haya M interest
tcCaIns running ngainBt you uulets you
iEve lin equal or greater Interest accoun!
running in your favor. Work diligently
md yGu ere sure o! q competency IN your
old NSe, nud, no eArly rs pcssiblp, il yor
tan fluid c eaviDg, prudent girl, who ha;
neon bron2h. m by . mother Who knows
uDw 10 take cnfe Of house Aad mska I
rife Of her; sho will aid and not hinder
you.
claim no originality in ,hip ADVICE
and will r0lste toYor an incident In my
own rkpC:ieGcs 10 illustrate It. In N,
eslieut PirC;!co in my profession wal
quite tucCetslnl in earning money, aud
had 8 email balance in the Lowell bank, q
tho head Of which wRe Mr. James Carney
rko bank WA directly acroua the hal
from my o!!ica. stepped Into tho hsnI
ordcpoDIt litsID money on one OCCASION
ard 'hr. Carney aa!d to roe, why dom
voa invta! your money!" "lnvcst," sal,
|, II hGvO nothing 10 inyeat." "Oh, yes,
says no ''you HAYS quite littlo cum o
money and | $50 that your young friend
como with your cheeks occasionally eSi
dcnliy borroTn9 il. Nov, you hal! bot
ter inTes! it, "Iiow uan ! invest III
"1uves. 1t in rohl estate. Go t,
tho fra. nnctiOa and buy tn
property. You cannot DO mucl
cheated In that because you will have +
giyn YsIy lIttle rioro than Homshody ule
win DO wiIIin. to Fay Tor il. uiyo You
nutCG f1r II, navO your money, Colec
yonr IceH, pHy yunr notes "a tloy bcCom
duo. Eco that tho property Ia improve,
property, 20 that III, rent will Keep dow
yonr interrHL account, mud whon yuu &c
my other money iaygut IL In the nam
way. and II your notcn pterB upon you
ilit!n iaS!cr titan YOU eau pAy thnm, why
40 will, when ws find that In whit you NJ
doing With your money, discount so,
HGt1 aNd giva you ISttle moro time q
thu. yUr' tan pNy II. Ihiu will nuccu.i.a,
tho prompt collection ui your bill
ior | know TINT you would ratht
work aud earn hundred dols
thHn duh man Tor II, unlrng you In,
= u pTrtninR Tor 1t. You hRvo no. eve
RnErl for littlO bin that wv owo yo;I
tho bank, which nh0wu mo that You 1
not promptly collect your dueH." Il
lowed tho advice mud bought ,uInbar
: pIeCcB d property In TINT manner, aud
! III IL IA, 1 a